Circle Acquires Malachite Consensus Engine for Blockchain Network

Circle Internet Group has made a significant move in the blockchain space, acquiring Malachite Consensus Engine from Informal Systems. This acquisition will fuel the launch of Arc, a Layer-1 blockchain network designed specifically for stablecoin finance. The integration of Malachite will empower Circle’s offerings with enhanced performance, reliability, and security, further accelerating their vision for a seamless and trustworthy financial infrastructure.